Quarterly ResultAug 13, 2026, 04:47 PM
Richmond Mutual Completes Farmers Bancorp Merger; Q2 Net Income $2.23M
AI Summary
Richmond Mutual Bancorporation reported mixed financial results for Q2 2026, with net income decreasing to $2.23 million for the quarter but increasing to $5.01 million for the six months ended June 30, 2026. The company also announced the completion of its merger with The Farmers Bancorp, effective July 1, 2026, which incurred $1.86 million in merger-related expenses during the quarter. Total assets increased to $1.55 billion, and stockholders' equity rose to $148.27 million.
Key Highlights
- Acquisition of The Farmers Bancorp completed effective July 1, 2026.
- Q2 2026 net income decreased to $2.23 million from $2.60 million in Q2 2025.
- YTD 2026 net income increased to $5.01 million from $4.57 million in YTD 2025.
- Q2 2026 basic EPS was $0.23, down from $0.27 in Q2 2025.
- Total assets grew to $1.55 billion as of June 30, 2026, from $1.52 billion at Dec 31, 2025.
- Merger-related expenses totaled $1.86 million for both Q2 and YTD 2026.
- Declared common stock dividends of $0.15 per share for Q2, and $0.30 per share YTD.
Price Impact
More from RMBI